British engine manufacturer Ricardo is to partner with Chinese car-maker Lifan in Ethiopia. Engineers from two companies have collaborated in producing a VVTI engine for the new Sport Utility Vehicle, Lifan X-60, produced by Lifan for the Ethiopian market. 
The agreement to design and develop an engine for the Lifan X-60’s was reached after months of negotiations between Ricardo and Lifan.
Philip Parham, the UK Envoy for the UK-Africa Investment Summit, will visit Ethiopia today.
The United Kingdom has launched a new trade framework program that aims to benefit 65 countries, including Ethiopia, by easing trade regulations and taxes for these countries. The UK International Trade Minister, Nigel Huddleston, announced the new trade plan which is expected to allow developing countries to export a wide range of goods duty-free to the UK in Addis Ababa.
Trade mission from the United Kingdom arrived in Ethiopia’s capital, Addis Ababa, on May 10, 2016 for a 3 days visit. The visit is organized following the success of UK-Ethiopia Trade and Investment Forum held in London a year ago.
Colvir Software Solution, a U.K.-based company that provides postal software and core banking solutions, launched its products in Ethiopia last week. 
Representatives of Colvir said that the company entered the Ethiopian market following the steady growth of banks and other financial institutions in the country.
